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warwickskyblue

Active Member
€20m up front, €4m in add ons of which this is €1m. Add ons paid reduce the sell on potentially from 15% to 10%
It’s a net zero element. If he goes for 80million euros and we get 15% we’d get 12 million. But if we’ve already had 4 million from add-ons then we get 10% of 80 million which is 8. So in either case we get 12 million.

now the more important question is what happens if he only hits 3 of the 4 add-on targets. Is it a sliding scale down from 15 to 10% or do we get 15% still. I’d suspect the former but who knows!
 

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